PwC joins hands with Bitfury Group to develop blockchain projects accelerator
In an interesting move, one of the ‘Big Four’, Pricewaterhouse Coopers (PwC)has joined hands with blockchain firm Bitfury, to create blockchain projects accelerator in Russia. This news was made public by PwC in a press release on Thursday.
The press release further adds that the blockchain-company Bitfury Group and the network of audit and consulting firms PwC in Russia will develop a number of new blockchain products based on an analysis of the current needs of PwC customers.
Speaking about the partnership, Viktor Nelin, manager of IT consulting services, PwC in Russia said, “Definitely, PwC, as one of the leading consulting services companies in the Russian Federation, is confident that the blockchain technology will allow creating both services for internal corporate use, by expanding the functionality of current products, and fundamentally new business models for mass segment.”
In partnership with Bitfury, PwC is planning to develop blockchain solutions for corporate customers using the Exonum platform and provide new products and solutions to companies in various industries.
The report also mentions the findings of a study carried out by PwC which says that blockchain has great potential to cut down the cost of modern economy and offer a new and innovative way to cut personnel and infrastructure cost with the automation of processes and with the implementation of the blockchain.
According to a report published by PwC in August this year, 84 percent of IT companies use blockchain in their work, while 64 percent use their own blockchain network. PwC is also planning to launch its own accelerator program to boost its employees’ knowledge of blockchain by launching a two-year program starting in January 2019.
Earlier this year in November, Bitfury announced that it has secured the services of Antoine Dresch, co-founder of Korelya capital to its board of directors and Annette Nazareth, a former member of the US Securities and Exchange Commission (SEC) to its advisory board.
Founded in 2011, Bitfury is one of the leading security and infrastructure providers for the Bitcoin blockchain and is on a constant endeavor to produce innovative hardware that keeps cryptocurrencies and blockchain secure.
Image via Shutterstock
Join our telegram group